## ## ## ## ## |Contents|||Page| |---|---|---|---| |Reference|and Administrative
details||| |Trustees'
Report|||3 —11| |Independent|Auditors'
Report||12-15| |Consolidated|Statement of Financial|Activities|16| |Consolidated|and Charity Balance Sheets||17| |Consolidated|Statement of Cash Flows||18| |Notes to the|Financial Statements||19-31| ## ## |Status|||The organisation|is a charitable|is a charitable|company|limited|limited|by|guarantee,| |---|---|---|---|---|---|---|---|---|---|---| ||||registered
in England 8 Wales,|||incorporated||on 10January 2013||| ||||and registered
in
2016.|England|&Wales as a Charity on 08 January|||||| |Governing|Document||The company was|established||under Memorandum||||and Articles| ||||which established|the objects and powers|||of|the charitable||| ||||company.|||||||| |Company|Number||8355406|||||||| |Charity Number|||1165100|||||||| |Registered|Office||House of Sport,|||||||| ||||190Great Dover Street, London|||SE14YB||||| |Operating|Office||House of Sport,|||||||| ||||190Great Dover Street, London|||SE14YB||||| |Chair|||Jillian Moore|||||||| |Trustees|||Shaun Richard Dawson - Vice Chair - resigned|||||31|December 2021|| ||||Sally Benatar - Vice Chair||- from|1 January|2022|||| ||||Joyce Ellen Ryan|||||||| ||||Mark Jopling - resigned
31 May|||2022||||| ||||Tanya Joseph|||||||| ||||Tracey McCillen|||||||| ||||Stephen
Alambritis|||||||| ||||Charles Boss|||||||| ||||Shaun
Danielli|||||||| ||||Naomi
Hulston|||||||| ||||Paul Benjamin|||||||| |Key Management||Personnel|Emily Robinson
(appointed||2 February 2022)|||||| ||||Timothy James Copley|||||||| ||||Susan Hutton|||||||| ||||Tanya Rabin|||||||| ||||Jill Cochrane (contracted ended|||24 May 2022)||||| ||||Tove Okunniwa
(resigned 26 July 2021)|||||||| |Bankers|||Metro Bank, 1 Southampton||Row, London WC16 5HA|||||| |Auditors|||PKF Littlejohn LLP|||||||| ||||15Westferry
Circus|||||||| ||||London E144HD|||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||Funds|Funds|2022|2021| ||||Notes|6'000|E'000|6'000|6'000| |INCOME FROM:|||||||| |Charitable
activities|||||||| |Programme
Delivery||||184|4,294|4,477|4,217| |Other trading activities|||||||| |Thought Leadership|||||||| |and Partner Services||||126||126|201| |Total income||||310|4,294|4,604|4,418| |EXPENDITURE ON:|||||||| |Expenditure
on Charitable||activities|||||| |Delivery ofCharitable|eclivilies|||126|4,520|4,646|4,910| |Activities and Events||||162||162|172| |Total expenditure||||288|4,520|4,808|5,082| |Net (expenditure)/income||||22|(226)|(204)|(664)| |Transfers
between funds|||||||| |Net movement
in funds||||22|(226)|(204)|(664)| |Funds brought
forward||||35|430|465|1,129| |Funds carried forward||||57|204|261|| ## ## ## ||||2022|2022|2021|2021| |---|---|---|---|---|---|---| |||Notes|Group
6'000|Charity
6'000|Group
6'000|Charity
f'000| |FIXEDASSETS||||||| |Tangible
Fixed Assets|||205|205|278|278| |Investments||||||| |CURRENT ASSETS||||||| |Debtors|||110|158|93|134| |Short term deposits and cash in hand|||554|543|1,290|1,283| |||||701|1,383|1,417| |CURRENT LIABILITIES||||||| |CREDITORS: amounts|falling due|||||| |within one year||10|(601)|(570)|(1,114)|(1,062)| |NET CURRENT ASSETS|||63|131||355| |CREDITORS: amounts|falling due|||||| |after one year|||(7)|(7)|(82)|(82)| |NET ASSETS|||261|329|465|551| |FUNDS||||||| |Unrestricted
funds|||57|125|35|121| |Restricted funds|||204|204|430|430| |TOTAL FUNDS||14|261|328|465|551| ## ## ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| ||||||Note|Group
f'000|Group
K'000| |Cash flows from operating||activities|||20|(737)|(25)| |Cash flows from investing||activities|||||| |Interest income|||||||| |Cash provided
by I(used|in) investing||activities||||| |Increase
/ (decrease) in cash and cash|||||||| |equivalents
in the year||||||(736)|(25)| |Cash and cash equivalents|at|the beginning||of the year||1,290|1,315| |TOTAL CASH AND CASH|EQUIVALENTS||||||| |AT THE END OF THE YEAR|||||||1,290| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2
TOTAL INCOME|||||2022
E'000|2021
E'000| |---|---|---|---|---|---|---| |Programme
delivery
Rental income
Events
Services provided
to Partners
Sponsorship
Other|||||4,294
184
90
27
9|4,000
217
9
181
1
10| ||||||4,603|4,418| |Programme
Delivery for Charitable
Activities
The breakdown
was as follows:|||||2022
E'000|2021
E'000| |Sport England - Core Activities
Sport England - Satellite Clubs
Sport England —Workforce
Sport England - Children
&Young People
Sport England - Tackling Inequalities
Sport England - Opening School Facilities
Sport England
- other funds
GLA - Major Events
GLA - Community
Workforce
GLA - Others
Others|||||1,603
205
1,091
240
950
85
26
94|1,603
786
206
217
400
409
106
168
30
75| ||||||4,294|4,000| |ANALYSIS OF GROUP EXPENDITURE||||||| |Direct|Costs -
Staff|Direct|Costs-
Other|Grant
Funding|Support
Costs|2022
Total| ||E'000||E'000|E'000|E'000|E'000| |Delivery of Charitable||||||| |Activities
Activities and Events|2,216
103||828
35|1,081|521
24|4,646
162| ||2,319||863|1,081||4,808| |Prior Year Comparison
Direct|Costs -
Staff
E"000|Direct|Costs-
Other
F'000|Grant
Funding
E'000|Support
Costs
E'000|2021
Total
E'000| |Delivery of Charitable
Activities|2,206||1,052|1,205|447|4,910| |Activities and Events|103||48||21|172| ||2,309||1,100|1,205|468|5,082| ## ## ## |||2022|2022|2021|2021| |---|---|---|---|---|---| |Programme||Number|f'000|Number|f'000| |Satellite|Clubs|||132|600| |Tackling|Inequalities|60|304|37|337| |Opening|School Facilities|82|760||| |Others||6|17||268| |||148|1,081|177|1,205| ## |||Management
f'000|Finance
f'000|Resources
f'000|Governance
f'000|2022 Total
f'000| |---|---|---|---|---|---|---| |Delivery ofCharitable|Activities|130|39|313|39|521| |Activities and Events|||10|14||24| |||130|49|327|39|545| |Prior Year Comparison||Management
f'000|Finance
f'000|Resources
f'000|Governance
f'000|2021 Total
f'000| |Delivery ofCharitable|Activities||34|269|33|447| |Activities and Events|||8|13||21| ||||42|282|33|468| |Governance costs include|||||2022|2021| ||||||f'000|f'000| |Staff costs|||||26|18| |Auditors'
remuneration:||||||| |Audit work- London|Sport|||||11| |Audit work - London|Sport Trading|||||4| |Other services||||||| ||||||36|33| ## ## ||||||||2022|2021| |---|---|---|---|---|---|---|---|---| ||||||||f'000|f'000| |Turnover|||||||107|190| |Cost ofsales and administration||||costs|||(90)|(213)| |Net assets brought
forward|||||||(85)|(57)| |Net profit/(loss)|||||||17|(23)| |Amount
gift aided to the Charity||||||||(5)| |Surplus/(loss)
retained|in subsidiary||||||(68)|(85)| |The assets and liabilities ofthe|||subsidiary||were;|||| |Current assets|||||||35|23| |Current
liabilities
Total net assets and Aggregate|||share capital|||and reserves|(103)
~66|(108)
(85)| |STAFF COSTS AND|NUMBERS||||||2022|2021| ||||||||f'000|f'000| |Staff costs were as follows:||||||||| |Salaries and wages|||||||1,865|1,891| |Social security costs|||||||200|202| |Pension contributions|||||||201|207| ||||||||2,266|2,300| |The number
of employees||whose||emoluments||for|2022|2021| |the year fell within the|following||bands were:||||Number|Number| |f60,001-f70,000
f70,001 - f80,000||||||||| |f100,001 - f110,000||||||||| |f110,001 - f120,000||||||||| |f120,001 —6130,000||||||||| ## ## ## ||No Trustees received|No Trustees received|remuneration,|nor were paid any expenss,
in t|he current or prior y|ear.| |---|---|---|---|---|---|---| ||The average number||of employees|during the year was as follows:|2022|2021| ||||||Number|Number| ||Charitable
activities||||44|43| ||Support||||2|2| ||||||46|45| |8|TANGIBLE FIXEDASSETS|||||| ||||||Leasehold|| ||Charity|and group|||Buildings|| ||||||8'000|| ||Cost|||||| ||Opening|Balance as at 1 April 2021|||462|| ||Purchases
during year|||||| ||Closing|Balance as at 31 March 2022|||462|| ||Depreciation|||||| ||Opening|Balance as at|1 April 2021||184|| ||Charge|during year|||73|| ||Closing|Balance as at 31 March 2022|||257|| ||NBV as|at 31 March 2022|||205|| ||NBVas|at 31 March 2021|||278|| ## ## ## |||2022|2022|2Q21|2021| |---|---|---|---|---|---| |||Group|Charity|Group|Charity| |||U000|E'000|E'000|E'000| |Project debtors||65|48|37|25| |Prepayments||35|35|29|29| |Inter-company|debtors||63||51| |Other debtors||10|12||29| |||110|158|93|134| ## ||2022|2022|2021|2021| |---|---|---|---|---| ||Group
E'000|Charity
K'000|Group
E'000|Charity
E'000| |Project creditors|144|139|179|170| |Other taxation and social security|56|56|54|54| |Accruals|317|311|780|777| |Deferred income|62|42|71|31| |Other creditors|22|22|30|30| ||601|570|1,114|1,062| ## ||2022|2022|2021|2021| |---|---|---|---|---| ||Group|Charity|Group|Charity| ||000|6'000|E'000|OOOO| |Leases|||82|82| ## ## ## |||2022|2022|2021|2021| |---|---|---|---|---|---| |||Group
f'000|Charity
f'000|Group
f'000|Charity
f'000| |Deferred|income at 1 April|71|31|66|| |Applied|during
the year|62|42|71|31| |Released during the year||(71)|(31)|(66)|(66)| |Deferred|income at 31 March|62|42|71|31| |13|ANALYSIS OF GROUP NET ASSETS|||2022| |---|---|---|---|---| ||BETWEEN FUNDS|Restricted|General|Total| |||Funds|Funds|Funds| |||f'000|f'000|f'000| ||Tangible fixed assets||205|205| ||Current assets|204|461|664| ||Current
liabilities
Long-term
liabilities||(601)
(7)|(601)
(7)| ||Net assets at 31 March 2022|204|58|262| |||||2021| ||Prior Year Comparison|Restricted|General|Total| |||Funds|Funds|Funds| |||f'000|f'000|f'000| ||Tangible fixed assets||278|278| ||Current assets|430|953|1,383| ||Current
liabilities
Long-term
liabilities||(1,114)
(82)|(1,114)
(82)| ||Net assets at 31 March 2021|430|35|465| ## ## ## |14|ANALYSIS OF FUNDS|ANALYSIS OF FUNDS|ANALYSIS OF FUNDS||||||| |---|---|---|---|---|---|---|---|---|---| |||||Balance at|||||Balance at| ||||||01-Apr||||31 Mar| ||||||2021||Income|Expenditure|2022| ||||||E'000||8'000|E'000|8'000| ||General|funds||||35|310|(288)|57| ||Restricted funds:||||||||| ||Core Activities (Sport England)|||||122|1,604|(1,595)|131| ||Workforce (Sport England)|||||105|205|(310)|| ||Children|&Young People||(Sport England)||16|1,090|(1,106)|| ||Tackling|Inequalities|(Sport England)|||63|240|(303)|| ||Opening|School Facilities||(Sport England)|||950|(950)|| ||Other funds - Sport England
Other funds - GLA|||||88|86
26|(158)
(16)|16
10| ||Other|||||36|93|(82)|47| ||||||430||4,294|(4,520)|204| ||Group total||||465||4,604|(4,808)|261| ||For prior|year compsnsion||see over|||||| ||General|funds;||These|are funds solely managed|||at the discretion|ofthe| |||||organisation,||without|restriction,|in line with our reserves|| |||||policy.|||||| ## ## ## ## ## ## |ANALYSIS OF FUNDS (continued)||||| |---|---|---|---|---| |Prior year comparison|Balance at|||Balance at| ||01-Apr|||31-Nlar| ||2020|Income|Expenditure|2021| ||E'000|E'000|E'000|E'000| |Generalfunds|62|418|(445)|35| |Restricted funds:||||| |Core Activities (Sport England)|209|1,603|(1,690)|122| |Satellite Club (Sport England)|275|786|(1,061)|| |Workforce (Sport England)|85|206|(186)|105| |Children
&Young People (Sport England|167|217|(368)|16| |Tackling Inequalities
(Sport England)||400|(337)|63| |Other funds - Sport England|282|409|(603)|88| |Major Events (GLA)
Community
Workforce (GLA)
Other|24
25|106
168
1D5|(106)
(192)
~84|36| ||1,067|4,000|(4,637)|430| |Group total|1 129|4 418|~5882|465| ## ## ## |ANALYSIS OF PUBLIC|FUNDING|||| |---|---|---|---|---| |||Greater|Non|| ||Sport|London|Public|| ||England|Authority|Income|Total| ||8'000|E'000|8'000|E'000| |Revenue Grants
Rental Income|4,174|26|93
184|4,294
184| |Other Income|||126|126| |Total Income|4,174|26|403|4,604| |Staffcosts
Grant payments
Other delivery costs|2,239
1,077
384|12
5|67
51|2,318
1,082
435| |Direct Costs|259||168|427| |Support costs|521||25|546| |Total Expenditure|4,480|17|311|4,808| |Net Income|(306)|9|92|(204)| |Cash and Deferred Income Reconciliation||||| |||Greater|Non|| ||Sport|London|Public|| ||England|Authority|Income|Total| ||E'000|E'000|6'000|E'000| |Opening
Balance|||71|71| |Cash received
Released to P&L|4,201
(4,201)||403
(412)|4,604
(4,612)| |Closing Balance|||62|62| ## |non-|cancellab|le
operating leases as follo|ws:|| |---|---|---|---|---| ||||2022|2021| ||||K'000|L'000| |Due|within
1|year|264|278| |Due|between|1 and 2 years|264|264| |Due|between|2 and 5years|792|1,056| |Due|in more|than 5 years||| ## ## ## ## ||||2022|2021| |---|---|---|---|---| ||||Group|Group| ||||8'000|E'000| |Net income for the year|||(204)|(664)| |Add back|depreciation|charge|73|46| |Add back|impairment|charge||| |Less interest income||||| |Decrease|/ (increase)|in debtors|(17)|245| |Increase|/ (decrease)|in creditors|(588)|348| ||||(737)|(25)| ##